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Euro rises despite weak German data, lower IMF outlook NEW YORK: The euro crept higher against the dollar Tuesday despite weak data on Germany, Europe's largest economy, and a lowered global growth outlook from the International Monetary Fund.US and European stock markets and oil prices tumbled Tuesday as investors worried about the slowing global economy after the IMF lowered its global growth outlook, warning of stagnation in advanced economies.It trimmed this year's growth to 3.3 percent, down from its July estimate of 3.4 percent, and projected 2015 growth of 3.8 percent, down from 4.0 percent.The 18-nation eurozone growth forecast was slashed to a modest 0.8 percent this year, from a July estimate of 1.1 percent, and lowered two-tenths percentage point to 1.3 percent in 2015.New official data on Tuesday showed that industrial production in Germany, the driving force of the eurozone, had suddenly slumped 4.0 percent in August.The report came a day after statistics office Destatis said that German ...

Dollar surges to four-year high on robust US jobs report NEW YORK: The dollar climbed to a more than four-year peak on Friday after a report showing the US economy created more jobs than expected last month, which suggested that the US recovery was on a stable path. The dollar index, a gauge of the greenback's value against six major currencies, was on track for its best yearly gain in nine years.The index was up 8 percent so far in 2014, posting weekly gains for ...
Dollar falls from 6-year high vs yen as US yields slide NEW YORK: The dollar pulled back from six-year highs against the yen to trade little changed on Wednesday, weighed down by a drop in U.S. Treasury debt yields amid weakness in global stocks.Investors also booked profits on long U.S. dollar positions ahead of key event risks - the European Central Bank's monetary policy meeting on Thursday and Friday's U.S. non-farm payrolls report.Still, the dollar is expected to sustain its strength for the rest of the ...
Dollar hits 4-year high, heads for best quarter in 6 years NEW YORK: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years.The Norwegian crown was another big mover, up 0.9 percent to a three-week high of 8.1084 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in ...
US dollar share of central bank FX reserves steady in Q2: IMF NEW YORK: The US dollar share of global central banks' currency reserves was a little more than 60 percent in the second quarter of 2014, according International Monetary Fund data released on Tuesday.The greenback's share of FX reserves was $3.830 trillion, or about 60.6 percent of total allocated reserves, roughly the same as the first quarter. At the beginning of the financial crisis in 2008, the dollar's share of global currency reserves was about 63 ...
Dollar rally pauses as Hong Kong protests raise jitters NEW YORK: The dollar dipped on Monday as its three-month rally took a breather on nervousness over Beijing's response to democracy protests in Hong Kong over weekend and whether they might hurt its economy and status as a global financial hub. The dollar's rally on expectations the Federal Reserve would raise interest rates in the mid-2015 was seen as overdone and the currency was headed for a pullback, analysts said. "The situation in Hong Kong ...
US GDP data drives dollar toward 11th weekly gain NEW YORK: The dollar rose on Friday and was tracking toward an 11th straight week of gains against a basket of currencies, which would extend the longest winning streak for the greenback since its 1971 free float under President Richard Nixon.The dollar index got extra lift from upwardly revised US gross domestic product data, adding 0.4 percent and hitting a fresh four-year peak of 85.521 even as strategists and traders predicted a pullback in the ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln